Southwest Gas Holdings, Inc. SWX NYSE

Southwest Gas Holdings, Inc. (SWX) generated $92.46M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $595.12M, free cash flow was $-502.66M.

Free cash flow margin was -104.6% of revenue. Cash conversion ratio was 0.78x, suggesting some earnings are non-cash.

The company returned $44.65M in dividends to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (53/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (85/100) — Cash conversion ratio was 0.78x suggests some earnings are non-cash items

Overall SharesGrow Score: 60/100 with 2/7 criteria passed.